quote · Legacy record
The oldest problem in economic education is how to exclude the incompetent. A certain glib mastery of verbiage-the ability to speak portentously and sententiously about the relation of money supply to the price level-is easy for the unlearned and may even be aided by a mildly enfeebled intellect. The requirement that there be ability to master difficult models, including ones for which mathematical competence is required, is a highly useful screening device.
The oldest problem in economic education is how to exclude the incompetent. A certain glib mastery of verbiage-the ability to speak portentously and sententiously about the relation of money supply to the price level-is easy for the unlearned and may even be aided by a mildly enfeebled intellect. The requirement that there be ability to master difficult models, including ones for which mathematical competence is required, is a highly useful screening device.
Approximate author period: c. 1957 AD · modern
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- Author or tradition
- John Kenneth Galbraith
Attribution: attributed - Country attributed
- Not established
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- Approximate author period: c. 1957 AD · modern
Approximate period for the recorded attribution to John Kenneth Galbraith, based on documented lifetime 1908 to 2006. Source: https://www.wikidata.org/wiki/Q186042 (checked 2026-10-08). This is not a quotation composition date or independent authentication of its attribution. Source: https://www.wikidata.org/wiki/Q186042 (accessed 2026-10-08).
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Supplied reference C; CSV row 318115; supplied attribution, independently unverified
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